XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.20.2

FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Fair Value Disclosures [Abstract] |
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following tables present the fair values of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019:
|  | As of September 30, 2020
|  | Balance |  | Level 1 |  | Level 2 |  | Level 3
Foreign exchange derivative assets |  | $ | 936 |  |  | $ | — |  |  | $ | 936 |  |  | $ | — |
Total assets measured at fair value on a recurring basis |  | $ | 936 |  |  | $ | — |  |  | $ | 936 |  |  | $ | — |
Foreign exchange derivative liabilities |  | $ | 3,689 |  |  | $ | — |  |  | $ | 3,689 |  |  | $ | — |
Contingent consideration |  | 5,913 |  |  | — |  |  | — |  |  | 5,913 |
Total liabilities measured at fair value on a recurring basis |  | $ | 9,602 |  |  | $ | — |  |  | $ | 3,689 |  |  | $ | 5,913 |
|  | As of December 31, 2019
|  | Balance |  | Level 1 |  | Level 2 |  | Level 3
Foreign exchange derivative assets |  | $ | 1,910 |  |  | $ | — |  |  | $ | 1,910 |  |  | $ | — |
Total assets measured at fair value on a recurring basis |  | $ | 1,910 |  |  | $ | — |  |  | $ | 1,910 |  |  | $ | — |
Foreign exchange derivative liabilities |  | $ | 243 |  |  | $ | — |  |  | $ | 243 |  |  | $ | — |
Contingent consideration |  | 10,495 |  |  | — |  |  | — |  |  | 10,495 |
Total liabilities measured at fair value on a recurring basis |  | $ | 10,738 |  |  | $ | — |  |  | $ | 243 |  |  | $ | 10,495 |
Acquisition-Related Contingent Consideration Roll Forward | A reconciliation of the beginning and ending balances of Level 3 acquisition-related contingent consideration using significant unobservable inputs for the nine months ended September 30, 2020 is as follows:
|  | Amount
Contingent consideration liabilities as of January 1, 2020 |  | $ | 10,495 |
Payment of contingent consideration for previously acquired business |  | (7,869) |
Acquisition date fair value of contingent consideration — 2020 Acquisitions (Note 2) |  | 5,292 |
Changes in fair value of contingent consideration included in Interest and other income, net |  | (1,480) |
Effect of net foreign currency exchange rate changes |  | (525) |
Contingent consideration liabilities as of September 30, 2020 |  | $ | 5,913 |
Estimated Fair Values of Financial Assets and Liabilities not Measured at Fair Value on Recurring Basis | The following tables present the estimated fair values of the Company’s financial assets and liabilities not measured at fair value on a recurring basis as of the dates indicated:
|  |  |  |  |  | Fair Value Hierarchy
|  | Balance |  | Estimated Fair Value |  | Level 1 |  | Level 2 |  | Level 3
September 30, 2020 |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 171,903 |  |  | $ | 171,903 |  |  | $ | 171,903 |  |  | $ | — |  |  | $ | — |
Total cash equivalents |  | $ | 171,903 |  |  | $ | 171,903 |  |  | $ | 171,903 |  |  | $ | — |  |  | $ | — |
Restricted cash |  | $ | 1,158 |  |  | $ | 1,158 |  |  | $ | 1,158 |  |  | $ | — |  |  | $ | — |
Time deposits |  | $ | 60,089 |  |  | $ | 60,089 |  |  | $ | — |  |  | $ | 60,089 |  |  | $ | — |
Employee loans |  | $ | 1,168 |  |  | $ | 1,168 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,168 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Borrowings under the 2017 Credit Facility |  | $ | 25,006 |  |  | $ | 25,006 |  |  | $ | — |  |  | $ | 25,006 |  |  | $ | — |
|  |  |  |  |  | Fair Value Hierarchy
|  | Balance |  | Estimated Fair Value |  | Level 1 |  | Level 2 |  | Level 3
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 407,817 |  |  | $ | 407,817 |  |  | $ | 407,817 |  |  | $ | — |  |  | $ | — |
Time deposits |  | 10,002 |  |  | 10,002 |  |  | — |  |  | 10,002 |  |  | — |
Total cash equivalents |  | $ | 417,819 |  |  | $ | 417,819 |  |  | $ | 407,817 |  |  | $ | 10,002 |  |  | $ | — |
Restricted cash |  | $ | 1,136 |  |  | $ | 1,136 |  |  | $ | 1,136 |  |  | $ | — |  |  | $ | — |
Employee loans |  | $ | 2,434 |  |  | $ | 2,434 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,434 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Borrowings under the 2017 Credit Facility |  | $ | 25,017 |  |  | $ | 25,017 |  |  | $ | — |  |  | $ | 25,017 |  |  | $ | — |

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration